Yapı Kredi has obtained a syndication loan valued at 1.27 billion dollars.

An First in Yapı Kredi's History

Yapı Kredi has once again proven the trust in Turkey's economic potential with its $1.274 billion syndicated loan carried out in international markets. This transaction is also significant as it includes the bank's first three-year maturity tranche in its history.

Details of the Loan and Maturity Periods

The syndicated loan provided by the bank has been arranged in various maturities: $524.4 million and €352.8 million with a 367-day maturity, $253 million with a 734-day maturity, and $90 million with an 1101-day maturity.

Loan Costs and Coordination

The cost of the loan has been determined as SOFR + 1.50% and Euribor + 1.25% for 367 days, SOFR + 1.90% for 734 days, and SOFR + 2.15% for 1101 days. The joint coordination of the syndicated loan was undertaken by Abu Dhabi Commercial Bank, Bank of America, Emirates NBD, and Standard Chartered.

Statements from Yapı Kredi's CEO

Yapı Kredi's CEO Gökhan Erün stated that this contribution will provide significant benefits to both the Turkish economy and the resource needs of the real sector. Erün emphasized that the interest of prestigious financial institutions is a sign of the solid steps they have taken.

Erün stated, "With this resource we have obtained, we will continue to contribute long-term to our customers and the Turkish economy, staying one step ahead," explaining the fundamentals of the trust involved.